Faber thinks the Chinese yuan, along with other Asian currencies, will continue to appreciate against the weakening US dollar. We are in an Olympic game in the world to depreciate currencies, he says.

The investor predicts emerging economies will have a larger share of world stock market capitalization, reaching 50% by 2020. He continues to advise responsible citizens to accumulate physical gold. The US Fed, by keeping on monetizing, can force the others (central banks) to also monetize, Faber says. He expects downside turbulence to occur in the stock markets in October/November.

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